Multiple Choice
Suppose you invest $1,000 into a mutual fund that is expected to earn a rate of return of 10%.The amount of money will you have in 10 years is closest to which of the following? The amount you will have in 50 years is closest to which of the following?
A) $386; $9
B) $2,594; $45,259
C) $2,594; $117,391
D) $3,138; $ 1,311,892
Correct Answer:
Verified
Correct Answer:
Verified
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